Too Little, Too Late? Bank of America recently launched a Zero Down Mortgage Program That Targets minority neighborhoods. As of right now, there are 5 Metro Markets that will serve as testing ground for this new loan program, called The Community Affordable Loan Solution. The participating Metros are as follows: Detroit, Los Angeles, Charlotte, Miami and Dallas. Critics are saying that this program is predatory/discriminatory and comes with additional risks that really doesn't help those communities. These type of loan programs are typically created as a means to generate loan income when overall lending activity is down.

We have gone from all the mainstream media pushing Home Price Appreciation, to now trying to estimate the amount of Price and Value declines. With all the talk, no one is mentioning or considering the amount of potential Foreclosures and how that volume will affect and change the US Housing Market. This video discusses the 3rd Wave of Foreclosures that will be as a result of all the issues surrounding the first and second Foreclosure Waves, as well as the general correction in price points due to the pressure in the US Housing Market.

We have gone from all the mainstream media pushing Home Price Appreciation, to now trying to estimate the amount of Price and Value declines. With all the talk, no one is mentioning or considering the amount of potential Foreclosures and how that volume will affect and change the US Housing Market. This video discusses the 2nd Wave of Foreclosures that will be as a result of all the issues surrounding the Pandemic, including the Foreclosure Moratorium and Forbearance, etc.

We have gone from all the mainstream media pushing Home Price Appreciation, to now trying to estimate the amount of Price and Value declines. With all the talk, no one is mentioning or considering the amount of potential Foreclosures and how that volume will affect and change the US Housing Market.

Fitch Ratings came out and stated that there is a good possibility of a moderate 10% - 15% Home Price/value Decline during this next Housing Correction or Crash. Robert Shiller concurred along with a number of other economists and Housing Analysts. These predictions are somewhat conservative in nature, and there is a distinct possibility that the decline could be much worse.

Apparently, the people have spoken. Can you believe that 78% of Americans Think the Housing Market Will Crash Soon ? It is interesting to note that the majority of us average people are not fooled when it comes to the Housing Market and Home Prices. Clearly people are concerned with all aspects of the economy, including Housing and many believe that a Housing Crash will give them the opportunity to finally purchase a new home.

World renowned economist Robert Shiller, the Co-Creator of the S&P CoreLogic Case-Shiller US Home Price Index, doesn't often speak on economic or Housing issues, but when. he does, people do listen an d take notice. After following Shiller over the past number of years, it is clear that he has his own method of stating what is going to happen to the US Housing Market, that has to be deciphered and discussed. Clearly a man in his position is reluctant to simply come out and state that the Housing Market is poised for a crash. The impact would send the markets reeling. Instead, he speaks conservatively and in innuendo and therefore you have to read between the lines to understand what he is really saying. In this case, he is saying that we are going to have a crash.

Let's talk a walk down memory lane, back about 7 months ago to the start of 2022. The Housing outlook revolved around continued Home Price Appreciation growth as well as Rental Rate increases. Many journalists and writers were on record stating that the Housing Market is healthy and that nothing was in the way or preventing the price points from continuing their upward trajectory. Well, fast forward to where we are today and everyone is now signing a different tune. Economists, Analysts and more journalists are openly talking about a Housing Crash and the volume of Foreclosures that are on the way. A total Boom to Bust swing in perspective for the US Housing Market.

Yet another Housing Market issue with the iBuyer group. First it was Zillow with the catastrophic failure of the buy and sell business. Now we find that Opendoor allegedly mislead customers (Home Sellers) that they would make more money selling to them, rather than going down the traditional Real Estate Agent & MLS listing route. Opendoor agreed to settle for $ 62 Million. The very next day they announced a new "product" for Homeowners, which should buy them some much needed goodwill.

So everyday there are more and more articles published by various Real Estate related organizations, groups, journalists, etc. that are providing their take or opinion regarding the future of the Housing Market and the potential of a Housing Correction or Housing Crash. This video reviews a recent article from RedFin who "ranked" various US Metro locations as to their susceptibility of a downturn in a Recession. The list is focused on Metros that had a spike in Home Price Appreciation over the past couple years, suggesting that those locations should be watched closely.